There are several techniques of managing risk. Give an example of how each of the following risk-control methods can be implemented.

a. Avoidance: the risk of sinking (by human).

b. Loss prevention: the risk of family head’s premature death because of a heart attack.

c. Loss reduction (in general): the risk of burning a car because of fire.

d. Loss reduction (by duplication): the risk of losing accounting documentation.

e. Loss reduction (by separation): the risk of losing all money by pickpockets during a vacation.

f. Loss reduction (by diversification): the risk of our bankruptcy because of the bankruptcy of our main customer.